Bleakley Financial Group LLC Acquires 350 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bleakley Financial Group LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,351 shares of the Wireless communications provider’s stock after buying an additional 350 shares during the quarter. Bleakley Financial Group LLC’s holdings in T-Mobile US were worth $2,064,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMUS. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares during the period. International Assets Investment Management LLC boosted its stake in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Trust Co. of Vermont grew its holdings in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares in the last quarter. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after buying an additional 12,411 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,100 shares of company stock valued at $5,501,978 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $246.24 on Friday. The company has a market capitalization of $285.76 billion, a PE ratio of 25.46, a PEG ratio of 1.38 and a beta of 0.56. The business has a fifty day moving average price of $225.97 and a 200-day moving average price of $214.95. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $250.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TMUS shares. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Tigress Financial lifted their price objective on T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a research report on Tuesday, January 28th. Finally, Oppenheimer upped their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.